The low power chip company Transmeta has been sold to Novafora - the VC-backed "video processor" firm.
Novafora is paying $255.6m(£169.8m), or between $18.70 and $19.00 a share, for the company. The deal has been approved by Transmeta and Novafora's directors but still needs shareholder, and regulator, approval. The deal should …

"chip's"

Errr....

...but why did it fail?

"The firm was a poster child for the first bubble - raising millions in venture capital and getting acres of media coverage - on the strength of a promised new market which took rather longer to arrive than predicted."

Well, Transmeta made a stab at the low-power CPU market but lost. It's called capitalism, no harm done. On the other hand, it's still worth millions, so it's unlike a classical bubble monster, really.